Slovenia Industry April 2020


Slovenia: Industrial production drops at sharpest pace since June 2009 in April

June 10, 2020

Industrial output fell 22.8% year-on-year in April (March: -7.6% yoy). April's result marked the worst reading since June 2009. April's figure was largely due to a dive in manufacturing output. Meanwhile, mining and quarrying production fell at a more moderate rate. The trend pointed down, with the annual average variation of industrial production coming in at minus 0.8%, down from March's plus 1.5%.

On a monthly basis, industrial production plummeted 14.7% in seasonally-adjusted terms in April, which was well below March’s 10.9% fall.

FocusEconomics Consensus Forecast panelists expect industrial production to fall 4.2% in 2020, which is down 7.1 percentage points from last month’s forecast. For 2021, the panel projects industrial output growth will rise to 3.8%.


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Slovenia Industry Chart

Slovenia Industry April 20 20 1

Note: Year-on-year working day adjusted and annual average growth of industrial production index in %.
Source: Statistical Office of the Republic of Slovenia (SORS).

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